BacTech Extends Debentures
April 22, 2019, Toronto, Canada:
BacTech Environmental Corporation (“BacTech” or the Company),(CSE:BAC, OTC:BCCEF) today announced that holders of $195,000 of the 12% Debentures maturing on April 19th have elected to extend the term of the debenture for an additional 12 months. In consideration of the extension of the maturity date to April 19, 2020, the Company will issue a common share purchase warrant allowing the investor to purchase a common share of the corporation at $0.05 for a period of 3 years.
The Telamayu project involves the environmental remediation of the “Antiguo” tailings with an option on the larger “Nuevo” tailings, both situated at the Telamayu Mill site near the town of Atocha in the Department of Potosi, Bolivia.
The existing Telamayu mill concentrator has generated the Antiguo and Nuevo tailings by processing mineralized material from the surrounding mines for over 80 years. There is considerable infrastructure at the mill site including high voltage power, rail, mill housing, and a local workforce. A Feasibility Study is expected to be completed in March 2019.
A second project entails BacTech investigating the use of bioleach processing to treat historic arsenic tailings and arsenopyrite concentrates produced in the Ponce Enriquez area of Southern Ecuador.
For further information contact: Ross Orr, President & CEO, BacTech Environmental Corporation/
416-813-0303 ext. 222, Cell 416-346-5529 and
Robin Cook, Investor Relations: 416-809-1738, Email: firstname.lastname@example.org
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